Landsman Liza 4

What Happened

• Director Liza Landsman received 16.78 shares of Choice Hotels International, Inc. (CHH) on 2026-04-15. The transaction is reported as an award/other acquisition (code A). The weighted-average price reported was $117.65, for a total value of roughly $1,974.
• This is an acquisition/award (not a sale), which is informational rather than a disposition — awards are common for director compensation and do not by themselves indicate trading intent.

Key Details

• Transaction date: 2026-04-15; Form 4 filed: 2026-04-16 (appears timely).
• Shares received: 16.78; weighted-average price: $117.65; total value ≈ $1,974.
• Footnote: The weighted-average price reflects multiple purchases at prices ranging from $117.43 to $117.80. The reporting person can provide a breakdown of shares bought at each separate price upon request.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction code: A (award/other acquisition).

Context

• Director awards are common as part of compensation packages and are recorded as acquisitions. They differ from open-market purchases by insiders and often reflect planned compensation rather than a direct bullish market action.
• No 10b5-1 plan, tax-withholding, or sale-on-exercise details are noted in this filing excerpt.